Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
President Donald Trump was expected to deliver remarks Thursday afternoon on supporting America's farmers and ranchersPoliticsread more
Trade tensions with China may be a boon to the U.S. housing market. Investors are rushing into the relative safe-haven of the bond market, cause the yield on the U.S. 10-year...Real Estateread more
Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers, according to Ned Davis Research.Marketsread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
J.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill...Banksread more
Oil prices tumble as the market braces for a prolonged U.S.-China trade war and on signs the U.S. is willing to negotiate with Iran.Energy Commoditiesread more
Conservative nonprofit dark money group American Action Network dramatically increased its media spending during the tax reform debate of 2017 and the buildup to the 2018...Politicsread more
Stocks are plummeting on Thursday as trade fears wash over Wall Street again. Five experts reveal what they're watching.Trading Nationread more
The three corporate giants' announcement they would create a not-for-profit company aimed at cutting their health-care costs and improving services sparked panic on Wall Street for what it would mean for existing players. The partnership of Amazon's Jeff Bezos, J.P. Morgan's Jamie Dimon and Berkshire's Warren Buffett ignited excitement for what innovation they could bring to what's often considered a bloated industry.
But industry experts have cautioned people to temper their excitement, especially since other companies have tried — and failed — similar ideas before. About 40 major companies, including names like American Express and Macy's, have joined the Health Transformation Alliance to try to lower costs.
"I think the Buffett, Bezos, Dimon thing is 'we're mad as hell and not going to take it anymore,'" CVS Health's Nonexecutive Chairman David Dorman told CNBC's "Squawk Box" on Friday. "How they actually do it, the closer you get you realize that almost 60 percent of the cost is in the providers, so doctors and hospitals. That's very disaggregated."
Dorman thinks it will be a "very difficult effort" since the three can't control the decisions their employees make or those of their workers' doctors.
One way CVS is trying to lower provider costs is by adding walk-in medical clinics at more of its retail locations. The company currently has more than 1,100 MinuteClinics and 9,800 physical locations.
CVS is trying to leverage those physical locations with a proposed $69 billion acquisition of health insurer Aetna. They want to create an integrated health system that combines pharmacy and health benefits while delivering preventive care services through the retail clinics.
"So CVS with 10,000 (stores) — a store within three miles of 80 percent of the population, a clinic in the store combining with Aetna — we think we can bring more capabilities to bear at the local level and serve national organizations and small organizations, as well."
The CVBS-Aetna deal is expected to close in the second half of the year.